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Ferrari NV (MIL:RACE) Cyclically Adjusted Revenue per Share : €23.61 (As of Mar. 2024)


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What is Ferrari NV Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Ferrari NV's adjusted revenue per share for the three months ended in Mar. 2024 was €8.778. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €23.61 for the trailing ten years ended in Mar. 2024.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

As of today (2024-05-18), Ferrari NV's current stock price is €388.20. Ferrari NV's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €23.61. Ferrari NV's Cyclically Adjusted PS Ratio of today is 16.44.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of Ferrari NV was 17.57. The lowest was 12.15. And the median was 13.76.


Ferrari NV Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Ferrari NV's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ferrari NV Cyclically Adjusted Revenue per Share Chart

Ferrari NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 23.03

Ferrari NV Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 22.47 22.87 23.03 23.61

Competitive Comparison of Ferrari NV's Cyclically Adjusted Revenue per Share

For the Auto Manufacturers subindustry, Ferrari NV's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ferrari NV's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ferrari NV's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Ferrari NV's Cyclically Adjusted PS Ratio falls into.



Ferrari NV Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Ferrari NV's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=8.778/120.2000*120.2000
=8.778

Current CPI (Mar. 2024) = 120.2000.

Ferrari NV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 3.857 100.093 4.632
201409 3.507 99.814 4.223
201412 3.977 99.721 4.794
201503 3.287 99.814 3.958
201506 4.053 100.279 4.858
201509 3.828 100.000 4.601
201512 3.097 99.814 3.730
201603 3.575 99.600 4.314
201606 4.291 99.900 5.163
201609 4.147 100.100 4.980
201612 4.420 100.300 5.297
201703 4.324 101.000 5.146
201706 4.851 101.100 5.767
201709 4.405 101.200 5.232
201712 4.426 101.200 5.257
201803 4.382 101.800 5.174
201806 4.780 102.400 5.611
201809 4.425 102.600 5.184
201812 4.472 102.300 5.254
201903 4.988 102.800 5.832
201906 5.226 103.100 6.093
201909 4.887 102.900 5.709
201912 4.983 102.800 5.826
202003 5.023 102.900 5.867
202006 3.080 102.900 3.598
202009 4.791 102.300 5.629
202012 5.770 102.600 6.760
202103 5.464 103.700 6.333
202106 5.591 104.200 6.450
202109 5.705 104.900 6.537
202112 6.356 106.600 7.167
202203 6.453 110.400 7.026
202206 7.046 112.500 7.528
202209 6.830 114.200 7.189
202212 7.501 119.000 7.577
202303 7.849 118.800 7.941
202306 8.108 119.700 8.142
202309 8.516 120.300 8.509
202312 8.419 119.700 8.454
202403 8.778 120.200 8.778

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Ferrari NV  (MIL:RACE) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Ferrari NV's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=388.20/23.61
=16.44

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of Ferrari NV was 17.57. The lowest was 12.15. And the median was 13.76.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Ferrari NV Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Ferrari NV's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Ferrari NV (MIL:RACE) Business Description

Industry
Address
Via Abetone Inferiore n. 4, Maranello, ITA, I-41053
Ferrari engineers and manufactures some of the world's most expensive exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design, and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients. In 2022, Europe, Middle East, and Africa accounted for 48% of revenue, the Americas was 28%, China was 12%, and the rest of Asia was 12%.